Apresentação desenvolvida para o Ciclo de Palestras (2014).

Investment in distressed assets, while relatively mature in developed markets, has become more and more common in Brazil in a context of a lingering economic downturn, offering interesting but risky opportunities to domestic ...

Under financial constraints, firms are kept from following first-best policies. It is in the best interests of the regulators to diminish this inefficiencies as firms play such a important roles in the economy as generating ...

International management literature arguments that foreign firms operate under Liability of Foreignness (LOF). Several previous studies looked at LOF in banks, with contradictory results. Our study however is focused ...

Asset-backed securities were widely traded. Arguably, this happened because they were complicated claims, in the sense that it was very costly to assess their fundamental value. Here, we show that if this is the case, then ...

Sets up an empirical framework to examine the relationship between monetary policy and relative prices of agricultural commodities and the impacts of agricultural shocks on relative prices and the money supply. The observed ...

Brazilian corporations tend to sell mainly preferred shares instead of common shares in the stock market. This paper analyses some of the consequences of this practice. We argue that it tends to displace long term investors ...

Este trabalho tem por objetivo fazer uma análise descritiva da importância que a adoção do regime de metas de inflação e o comportamento dos Bancos Centrais (BC´s) possuem na inflação de países desenvolvidos e emergentes. ...

This article aims to test the hypothesis of contagion between the indices of nancial markets from the United States to Brazil, Japan and England for the period 2000 to 2009. Time varying copulas were used to capture the ...

This paper studies the strategic behavior of individuals when depared with a random shock that moves the price of a financial asset from its initial equilibrium. The path followed by the asset’s price towards its new ...